Ontario Real Estate Licence Parking!

What About UFFI?

In the Ontario standard Agreement of Purchase and Sale, there is a clause regarding urea formaldehyde insulation. The clause forces Sellers to warrant that they have never installed UFFI and to the best of their knowledge it is not in the property. In Ottawa, the Real Estate Board requires another paper that they Seller must sign warranting the same thing. Why? I believe that it’s time for a change to the OREA and CREA stance on the issue of urea formaldehyde insulation and the inclusion of the UFFI warranty clause within the agreement of Purchase and Sale in Ontario.

In the recent Insurance notices from RECO, there is a paragraph regarding "Parking" or being “non-active”.

The paragraph states, “There is no provision under the Real Estate and Business Brokers Act 2002 that permits a “parked” or “non-active” registration status. You must either be registered to trade in real estate – which involves renewing your registration every two years, fulfilling all education requirements and paying your yearly insurance renewal fee – or you may choose to terminate your registration.”

Would you embark on a road trip without an end destination in mind? If you did, you would drive around a lot, see a lot of places, but you wouldn’t get where you are going because you don’t know where that is. If Mr. Roger Clemens, one of the best pitchers of all time, were standing on the pitcher’s mound, what are the chances that he could throw a pitch right across home plate? Now, if Mr. Clemens were blindfolded and then spun in circles a few times for good measure, the probability of a perfect pitch drops dramatically. What are the chances of people achieving their goals if they are blindfolded and dizzy? Goals require clarity and focus that can only be achieved with proper structure and definition.

I am SO done with you - Ending Your Bad Real Estate Relationship

Relationships can go south. Lack of communication tends to be the reason whether it’s a marriage or Real Estate. What can you do when you are ready to divorce your Agent, but your contract has weeks or months to go? You have a legally, binding contract that generally has you tied up. The Agent is invested in selling your property with advertising expenses, business expenses, time and effort.

Life happens. Even to Real Estate Agents. Considering how stressful the job can be, I think sometimes it happens to us more then others.

Sometimes things happen that we have no control over that require us to take a step back from the business for a time. In Ontario, and most other areas, there are companies that will hold your Real Estate License.